XTX Topco Ltd Purchases New Shares in Douglas Emmett, Inc. (NYSE:DEI)

XTX Topco Ltd acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 76,172 shares of the real estate investment trust’s stock, valued at approximately $1,219,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Douglas Emmett by 1.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust’s stock valued at $147,437,000 after buying an additional 125,727 shares in the last quarter. FMR LLC grew its stake in Douglas Emmett by 59.6% during the 4th quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust’s stock valued at $144,662,000 after acquiring an additional 2,910,490 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Douglas Emmett by 130.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock valued at $49,826,000 after purchasing an additional 1,520,348 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Douglas Emmett by 0.4% in the 4th quarter. Hsbc Holdings PLC now owns 2,508,153 shares of the real estate investment trust’s stock valued at $46,265,000 after purchasing an additional 9,876 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Douglas Emmett by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,437,150 shares of the real estate investment trust’s stock worth $45,234,000 after purchasing an additional 34,460 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Trading Down 1.7%

Shares of NYSE:DEI opened at $14.90 on Friday. The stock has a market capitalization of $2.50 billion, a PE ratio of 46.56 and a beta of 1.26. Douglas Emmett, Inc. has a 1 year low of $12.39 and a 1 year high of $20.50. The firm has a fifty day moving average price of $15.15 and a 200 day moving average price of $15.54. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 1.54.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. Douglas Emmett had a return on equity of 1.48% and a net margin of 5.48%. The company had revenue of $251.54 million during the quarter, compared to the consensus estimate of $246.49 million. During the same quarter in the prior year, the company posted $0.45 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. Analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.1%. Douglas Emmett’s dividend payout ratio (DPR) is currently 237.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Scotiabank lowered their price objective on shares of Douglas Emmett from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a research report on Monday, July 14th. BMO Capital Markets set a $17.00 price target on shares of Douglas Emmett and gave the company a “market perform” rating in a report on Wednesday, July 16th. Wells Fargo & Company dropped their price target on shares of Douglas Emmett from $20.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Piper Sandler reduced their price objective on Douglas Emmett from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Douglas Emmett presently has a consensus rating of “Hold” and an average price target of $17.78.

About Douglas Emmett

Douglas Emmett, Inc (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.